Segment Wealth Management LLC Boosts Holdings in Vanguard Mega Cap ETF $MGC

Segment Wealth Management LLC raised its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 32.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,104 shares of the company’s stock after purchasing an additional 8,656 shares during the period. Segment Wealth Management LLC owned 0.10% of Vanguard Mega Cap ETF worth $8,569,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its position in shares of Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after buying an additional 891,030 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Vanguard Mega Cap ETF by 65.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock worth $194,304,000 after acquiring an additional 341,492 shares during the last quarter. New York Life Investment Management LLC increased its stake in Vanguard Mega Cap ETF by 15.4% in the 2nd quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock worth $129,691,000 after acquiring an additional 76,736 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Vanguard Mega Cap ETF by 2.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 494,163 shares of the company’s stock valued at $111,419,000 after acquiring an additional 13,201 shares in the last quarter. Finally, Wooster Corthell Wealth Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 1.4% during the 2nd quarter. Wooster Corthell Wealth Management Inc. now owns 481,051 shares of the company’s stock valued at $108,198,000 after acquiring an additional 6,801 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 0.4%

Shares of NYSEARCA MGC opened at $253.14 on Tuesday. The business has a 50-day moving average of $249.75 and a 200-day moving average of $239.28. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12 month low of $173.32 and a 12 month high of $254.68.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.